{
  "ticker": {
    "uuid": "a2a77924-4e61-41ad-8e57-3d087869d243",
    "symbol": "JREE",
    "name": "JPMorgan ETFs (Ireland) ICAV - Europe Research Enhanced Index Equity Active UCITS ETF - EUR (acc)",
    "exchange": "MIL",
    "country": "IT",
    "assetType": "etf"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "FTSEMIB.MI",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 82.584,
    "architecture_energy": 75.495,
    "architecture_maturity": 39.499,
    "architecture_confidence": 81.509,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 8.74,
        "rotation_up": 65.25,
        "upward_expansion": 88.34,
        "deceleration": 51.66,
        "rotation_down": 21.62,
        "downward_expansion": 15.01
      },
      "activity_lines": [
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        54.178086
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 57.439999,
    "trend_reference": 53.294833,
    "distance_from_trend": 0.077778,
    "trend_direction": "Improving",
    "fair_value": 45.096699,
    "distance_from_fair_value": 0.273707,
    "fair_value_direction": "Improving",
    "relative_strength": -3.380906,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.093262,
    "excess_performance": -0.077629,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.077778,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.04197,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.273707,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.070541,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.033809,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.019316,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.093262,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.461075,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 36735,
      "relative_activity": 0.717487,
      "balance": 2.461075,
      "dry_up": 0.863572,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.019164,
      "annualized_volatility": 0.148797,
      "from_high_reference": -0.004334,
      "from_low_reference": 0.263945
    },
    "levels": {
      "trend_reference": 53.294833,
      "fair_value_reference": 45.096699,
      "structural_low": 47.615002,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 36,
        "median_return": 0.014605,
        "positive_rate": 0.583333,
        "directional_follow_through": 0.583333,
        "median_excess_return": -0.006136,
        "regime_survival": 0.75,
        "best_return": 0.074502,
        "worst_return": -0.105534,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 14,
        "median_return": 0.022302,
        "positive_rate": 0.642857,
        "directional_follow_through": 0.642857,
        "median_excess_return": -0.025584,
        "regime_survival": 0.642857,
        "best_return": 0.084167,
        "worst_return": -0.053702,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 8,
        "median_return": 0.058359,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.028048,
        "regime_survival": 0.5,
        "best_return": 0.175524,
        "worst_return": -0.119324,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.100005,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.051334,
        "regime_survival": 0.25,
        "best_return": 0.138754,
        "worst_return": -0.043543,
        "sufficient": false
      }
    ],
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-07-05",
        "end": "2024-11-15",
        "tenure": "Established",
        "return": -0.042448,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-22",
        "end": "2024-12-06",
        "tenure": "New",
        "return": 0.028381,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-12-13",
        "end": "2025-01-03",
        "tenure": "New",
        "return": -0.018786,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-10",
        "end": "2025-01-17",
        "tenure": "New",
        "return": 0.0237,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "tenure": "New",
        "return": 0.029102,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-03-28",
        "tenure": "Developing",
        "return": -0.020516,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-04-04",
        "end": "2025-04-11",
        "tenure": "New",
        "return": -0.011266,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-04-18",
        "end": "2025-05-16",
        "tenure": "Developing",
        "return": 0.091907,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-05-30",
        "tenure": "New",
        "return": 0.005106,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-07-04",
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        "return": -0.029195,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-08-22",
        "tenure": "Developing",
        "return": 0.024085,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "active": false
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      {
        "regime": "deceleration",
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        "regime": "upward_expansion",
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        "active": true
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        "date": "2026-05-01",
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        "date": "2026-05-08",
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        "date": "2026-05-15",
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        "date": "2026-05-22",
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      {
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        "date": "2026-06-05",
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "fair_value": 44.498718,
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      },
      {
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 60245.05,
        "trend": 52.6905,
        "fair_value": 44.73032,
        "relative_strength": -3.180247,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 65.120535,
        "energy": 80.134628,
        "activity_lines": [
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          53.456312
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      },
      {
        "date": "2026-07-24",
        "close": 56.0,
        "volume": 69887,
        "typical_volume": 58374.75,
        "trend": 52.8965,
        "fair_value": 44.844455,
        "relative_strength": -2.426653,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 66.788511,
        "energy": 75.893034,
        "activity_lines": [
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          53.669828
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      },
      {
        "date": "2026-07-31",
        "close": 56.43,
        "volume": 37091,
        "typical_volume": 53337.9,
        "trend": 53.0955,
        "fair_value": 44.967788,
        "relative_strength": -2.318107,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.835281,
        "energy": 60.82254,
        "activity_lines": [
          56.094667,
          55.758727,
          54.664119,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 57.439999,
        "volume": 36735,
        "typical_volume": 51199.55,
        "trend": 53.294833,
        "fair_value": 45.096699,
        "relative_strength": -3.380906,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 82.584497,
        "energy": 75.494788,
        "activity_lines": [
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      }
    ],
    "method": {
      "price_basis": "completed market observations",
      "trend": "Trend provides the primary directional reference.",
      "fair_value": "Fair Value provides long-term price context and is not a forecast or target.",
      "relative_strength": "Relative Strength shows leadership or lagging performance against the market benchmark.",
      "classification": "The SM framework combines Trend, Activity, Fair Value, Relative Strength and participation into a structural read."
    }
  }
}